EX-99.5 7 a03-4456_1ex99d5.htm EX-99.5

Exhibit 99.5

 

CINERGY CORP.

BUSINESS SEGMENT EARNINGS DRIVER ANALYSIS

For the Quarter Ended September 30, 2003

(unaudited)

 

Energy Merchant

 

 

 

 

 

 

 

Earnings Per Share - diluted - 2002

 

$

0.34

 

 

 

 

 

Employee retirement/severance and other charges

 

(0.04

)

Discontinued operations

 

0.01

 

Marketing, trading, and origination

 

(0.03

)

Generation and supply contracts

 

(0.04

)

Operating and administrative expenses

 

0.03

 

Other - net

 

0.02

 

 

 

 

 

Earnings Per Share - diluted - 2003

 

$

0.29

 

 

 

 

 

Regulated Operations

 

 

 

 

 

 

 

Earnings Per Share - diluted - 2002

 

$

0.44

 

 

 

 

 

Weather

 

(0.11

)

Operating and administrative expenses

 

0.07

 

Financing and depreciation

 

(0.06

)

Other - net

 

0.01

 

 

 

 

 

Earnings Per Share - diluted - 2003

 

$

0.35

 

 

 

 

 

Power Technology & Infrastructure Services

 

 

 

 

 

 

 

Earnings Per Share - diluted - 2002

 

$

(0.01

)

 

 

 

 

Operating results of investments

 

(0.01

)

 

 

 

 

Earnings Per Share - diluted - 2003

 

$

(0.02

)

 

2002 has been reclassified to reflect Vestar’s move from PTIS to Energy Merchant